this post was submitted on 04 Sep 2024
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Recalculating (lemmy.world)
submitted 2 months ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world
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[–] givesomefucks@lemmy.world 2 points 2 months ago

If you can get people to understand:

  1. Wealth is finite

  2. Inflation hides that

  3. Capitalism needs inflation to discourage saving and incentive investment, which makes saving pointless and gaining wealth a lottery ticket.

They can usually work out themselves that the only way for the 99% to get their share back is to take it from the 1%.

Sometimes you got to show that that the 1% have about 1/3 of the wealth.

https://fred.stlouisfed.org/series/WFRBST01134